Tag: Brexit

The last week has been, to put it gently, an eventful one in British politics, and developments around Brexit are now so uncertain that Bernstein, one of the best-respected research houses on Wall Street, thinks the UK is — right now at least — „uninvestable.” Writing in a note to clients on Friday, the Bernstein…

Image copyright Getty Images Image caption Mrs Merkel said talks to amend the draft agreement were unlikely as a deal was „on the table” EU leaders have dismissed talk of renegotiating the draft Brexit deal and warned the UK’s political situation could make a „no-deal” more likely. German Chancellor Angela Merkel said there was „no…

Image copyright EPA Image caption Mr Barnier said a Brexit transition period could be extended by mutual consent The EU’s chief Brexit negotiator Michel Barnier says „decisive” progress has been made in reaching a final agreement on the UK’s departure from the bloc. Mr Barnier said a 585-page draft withdrawal agreement published on Wednesday represented…

LONDON — Brexit secretary Dominic Raab is preparing to lead a group of Cabinet ministers arguing that a no-deal exit would be preferable to a deal that breaches their red lines. The group of ministers will tell the prime minister that the current deal being offered by the EU is unacceptable and say that May…

Image copyright Reuters Image caption Theresa May and husband Philip attend the Lord Mayor’s Banquet Negotiations over the UK’s departure from the EU are „now in the endgame”, Theresa May says. Addressing the Lord Mayor’s Banquet in the City of London, the prime minister said the talks were „immensely difficult”, but the sides were working…

Image copyright Getty Images Prime Minster Theresa May has formed five new business councils to advise on how to create the best business conditions in the UK after Brexit. Big names on the forums include Tesco boss Dave Lewis, ITV chief Carolyn McCall, entrepreneur James Timpson, and CBI head Carolyn Fairbairn. Each council will meet…

LONDON — One of the main funders of the Brexit campaign, the businessman Arron Banks, has been referred to the National Crime Agency over „multiple suspected offences” relating to funding during the EU referendum campaign. Banks — the millionaire businessman who funded UKIP during Nigel Farage’s leadership — is to be investigated for alleged criminal…

LONDON — Dominic Raab and another UK Brexit minister have conceded that the Brexit „backstop” probably will not have a fixed end date, putting Theresa May’s government on a collision course with pro-Leave MPs. Pro-Brexit MPs both in the prime minister’s Cabinet and on the Conservative backbenches have said that the backstop clause for preserving…

Media playback is unsupported on your device Media captionPM: Extension would be ‚a matter of months’The EU says it is ready to extend the proposed length of the post-Brexit transition period if the UK wants. The current plan is for a transition period of 21 months to smooth the path from Brexit to the UK…

Media playback is unsupported on your device Media captionTheresa May’s Brexit update statement: „The terms of our exit are now clear.”Prime Minister Theresa May has called for „cool, calm heads” as she insisted a Brexit deal was „still achievable” despite differences with the EU. She said it was „frustrating” the two sides could not agree…